Steel Prices

Nucor lowers HR price to $900/ton

July 21, 2025

Nucor is lowering its list price for spot hot-rolled (HR) coil for the first time since May 27.

The steelmaker said in a letter to customers on Monday its consumer spot price (CSP) for HR coil would be $900 per short ton, effective immediately.

The price is down $10/st from last week but flat vs. a month ago.

Nucor said pricing at its West Coast joint venture, California Steel Industries (CSI), would also decline $10/st week over week (w/w) to $960/st.

You can track steel mill price announcements using the calendar on our website.

Charlotte, N.C.-based Nucor also said it would continue to offer HR lead times of 3-5 weeks.

On July 15, SMU assessed spot HR coil prices at $800-910/st, averaging $855/st. A week earlier, on July 9, we pegged HR C lead times between three and six weeks, with an average of 4.5 weeks.

Watch for updated steel prices on Tuesday and the latest mill lead times in Thursday evening’s newsletter.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.